DUMOULIN, J.:—This appeal was heard at Vancouver, B.C., April 12, 1957.

THORSON, P.:—This is an appeal from the decision of the Income Tax Appeal Board ((1956), 15 Tax A.B.C. 200), dated May 28, 1956, dismissing the appellant’s appeal from his income tax assessment for 1947. The appeal was heard at Regina in Saskatchewan.

THORSON, P. :—This is an appeal from the decision of the Income Tax Appeal Board ((1955), 13 Tax A.B.C. 88), dated May 25, 1955, dismissing the appellant’s appeals from its income tax assessments for the years 1948, 1949, 1950 and 1951.

DUMOULIN, J.:—This is an appeal from a decision of the Income Tax Appeal Board, dated May 9, 1956 (15 Tax A.B.C. 73), in respect of the income tax assessment of the appellant for the year 1951.

KEARNEY, J.:—This is an appeal (heard in camera) from a decision of the Income Tax Appeal Board ((1955), 13 Tax A.B.C. 38), dismissing the appellant’s appeal and affirming a reassessment of his income tax for the year 1952, whereby the

THORSON, P.:—This is an appeal from the appellant ‘s income tax assessment for 1955. The facts from which it arises are not in dispute. In the amount of taxable income reported by the appellant on his income tax return for 1955 there was included

CAMERON, J.:—This is an appeal from a reassessment dated March 8, 1955, made upon the appellant in respect of his income for the year 1953. In that reassessment the respondent added to the appellant’s declared income the sum of $63,353,78, representing the

CAMERON, J.:—This is an appeal from a reassessment dated March 8, 1955, made upon the appellant in respect of her income for the year 1953. In that reassessment the respondent had added to the declared income of the appellant the sum of $63,353.77,

Fournier, J.:—This is an appeal and a cross-appeal from a decision of the Income Tax Appeal Board dated February 15, 1954, allowing only in part the appellant ‘s appeal against its tax assessment for 1951.

RAND, J.:—The appellant company deals in large scale manufacture of wearng apparel in the course of which quantities of cloth are purchased in lots from Great Britain. Its ordinary practice, prior to January 1948, was to pay for each lot according to the terms of the invoice by an individual purchase of sterling at the rate of exchange then prevailing. In that month the officers of the company, foreseeing the likelihood of a devaluation of sterling, made preparations to avail themselves of the benefit of that happening should it eventuate.